Chicago Atlantic Real Estate Finance (REFI) Interest Coverage Ratio (2022 - 2026)
Chicago Atlantic Real Estate Finance (REFI) reported Interest Coverage Ratio of 2.62 for Q1 2026, down 55.37% on a YoY basis from 5.86 in Q1 2025, and down 69.12% sequentially from 8.47 in Q4 2025.
Chicago Atlantic Real Estate Finance (REFI) Interest Coverage Ratio (2022 - 2026) Analysis & Trends
Chicago Atlantic Real Estate Finance (REFI) has 5 years of Interest Coverage Ratio data on file, last reported at 2.62 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio fell 55.37% year-over-year to 2.62; the trailing twelve-month figure through Mar 2026 stood at 4.99 (down 30.94% YoY), and the FY2025 full-year result was 5.77, down 6.58% from the prior year.
- Interest Coverage Ratio eased to 2.62 in Q1 2026, from 8.47 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 108.99 in Q1 2022 to a low of 2.62 in Q1 2026.
- A 5-year average of 13.72 and a median of 7.23 in 2024 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio slumped 93.02% in 2023 and jumped 246.07% in 2024, its largest moves.
- Tracing REFI's Interest Coverage Ratio over 5 years: stood at 5.47 in 2022, then retreated by 4.45% to 5.23 in 2023, then jumped by 246.07% to 18.09 in 2024, then slumped by 53.19% to 8.47 in 2025, then sank by 69.12% to 2.62 in 2026.
- Business Quant data shows REFI's Interest Coverage Ratio at 2.62 in Q1 2026, 8.47 in Q4 2025, and 6.71 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.23 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 1.16 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | 1.35 |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.98 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 1.93 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 1.28 |
| 10 | Chicago Atlantic Real Estate Finance | 212.49 Mn | 184.63 Mn | - | 2.62 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.62 |
| Dec 31, 2025 | 8.47 |
| Sep 30, 2025 | 6.71 |
| Jun 30, 2025 | 5.27 |
| Mar 31, 2025 | 5.86 |
| Dec 31, 2024 | 18.09 |
| Sep 30, 2024 | 7.23 |
| Jun 30, 2024 | 5.99 |
| Mar 31, 2024 | 5.15 |
| Dec 31, 2023 | 5.23 |
| Sep 30, 2023 | 7.88 |
| Jun 30, 2023 | 9.69 |
| Mar 31, 2023 | 7.61 |
| Dec 31, 2022 | 5.47 |
| Sep 30, 2022 | 12.34 |
| Jun 30, 2022 | 10.60 |
| Mar 31, 2022 | 108.99 |